An epic insurance brawl over Russia’s seizure of planes is going nowhere

bne IntelliNews March 21, 2024

An epic brawl in the aviation insurance business is going nowhere as Western firms try to recover something from the Russian government, which seized billions of dollars’ worth of leased planes impounded by Russia.

UBN: Russia could take the Baltic states in 48 hours

Andrew Pryma of UBN in Kyiv March 21, 2024

Russian forces must only make an offensive push for 250km to cut the Baltic states from Europe.

One year on: Russia’s budget deficit already at end of year forecast level

Ben Aris in Berlin March 21, 2024

This time last year and a cheer went up from amongst Ukraine’s supporters. The twin oil sanctions were moving into place and it looked like they were going to work as Russia’s oil revenue collapsed and the budget deficit blew out.

Slim hopes of EU enlargement progress ahead of European Parliament elections

bne IntelliNews March 20, 2024

EU members are pushing for the start of accession talks with Bosnia at this week’s EU Council, but wider progress unlikely before June elections.

Seed of dissent: EC imposes fresh restrictions on Ukraine agriculture exports under European farm lobby pressure

Ben Aris in Berlin March 20, 2024

The European council agreed to add several new agricultural products to a list that reimposes tariffs and quotas on Ukraine agricultural product imports to the EU, voting on a surprise decision to expand the list.

A surprise EU proposal to expand agricultural ”emergency brake” import restrictions will cost Ukraine €1.7bn

Ben Aris in Berlin March 19, 2024

EU countries have overnight agreed to impose new restrictions on Ukrainian agricultural imports that will cost the cash strapped country €1.7bn and hurt its ability to fight the war against Russia.

Russia says it wants to create ‘buffer zone’ in Ukraine

bne IntelliNews March 19, 2024

Speaking on March 18, following President Vladimir Putin's re-election victory speech, where he broached the idea, Kremlin spokesman Dmitry Peskov stated that a zone between Russia and Ukraine was the best way to protect Russians.

KYIV BLOG: EU finalises €5bn Ukraine Peace Fund contribution that will see little new money sent to Kyiv

bne IntelliNews March 18, 2024

EU ambassadors agreed to back a new €5bn Ukraine Assistance Fund on March 13, part of the EU's off-budget European Peace Facility (EPF) that is used to partially reimburse member countries for the weapons they provide to Ukraine.

Europe has €56bn shortfall to meet Nato 2% of GDP spending pledge

bne IntelliNews March 18, 2024

European nations within Nato are facing a €56bn shortfall in meeting the alliance's defence spending pledge of 2% of GDP this year, the Financial Times reported on March 16.

EU finally boosts defence investment into arms production as Ukraine runs out of ammo

bne IntelliNews March 18, 2024

European Nato countries are ramping up their defence investments, with plans to collectively spend almost $500bn this year.

Polish fashion giant LPP’s stock price collapses after sale of Russian business reported as faked

Wojciech Kosc in Warsaw March 18, 2024

LPP fiercely denied the report, which knocked its stock price nearly 36% in one day.

Poland revives ties with Berlin and Paris in push to help Ukraine

Wojciech Kosc in Warsaw. March 18, 2024

The underlying premise of the summit was to acknowledge that stopping Russia in Ukraine now will come at a much smaller cost than having to stop it later at the EU's gates.

‘Russian warship, go f–k yourself’: EU rejects Ukrainian trademark application

bne IntelliNews March 15, 2024

The European Union Intellectual Property Office (EUIPO) has once again rejected a request by Ukraine’s State Border Guard to register the slogan "Russian warship, go f**k yourself” as a trademark.

Russia’s Medvedev presents ‘peace plan’ including ‘complete surrender’ of Ukraine

bne IntelliNews March 15, 2024

Writing on Telegram, President Vladimir Putin's close ally published what he called a “soft Russian formula for peace,” comprised of seven points that would see Ukraine pay compensation to Moscow and give up its entire territory.

EU agrees to create $5.5bn Ukraine Assistance Fund

bne IntelliNews March 14, 2024

Germany wins concession that bilateral support be considered as contributions to the fund.

Tusk schedules Ukraine summit with Macron and Scholz

Wojciech Kosc in Warsaw March 14, 2024

The so-called Weimar Triangle has sprung back to life under the Polish premier after an eight-year lull under the previous government of Law and Justice.

Russian oil refineries set ablaze in second day of Ukrainian attacks

bne IntelliNews March 13, 2024

Relentless attacks on Russian refineries have led to widespread disruptions in the nation's energy supply chain.

Pro-Ukraine Russian militias claim to have taken control of villages in Belgorod and Kursk Regions

bne IntelliNews March 13, 2024

Three pro-Ukraine Russian paramilitary groups have claimed to have crossed into Russian territory and engaged in combat with government troops.

Putin fires Navy chief after series of humiliating defeats

bne IntelliNews March 12, 2024

Russian President Vladimir Putin has fired the commander of the country’s navy after suffering a number of humiliating losses in the Black Sea.

Ukraine becomes world's 4th largest arms importer, European imports soar

bne IntelliNews March 12, 2024

European arms imports were up by 94% in 2019-23, as Ukraine's allies send military aid while also arming themselves, says new SIPRI report.